Showing posts with label Trade War. Show all posts
Showing posts with label Trade War. Show all posts

July 12, 2020

IMHO Warning: Stock Market MAJOR Correction Imminent

I went to the mall today.

This is a few weeks into reopening phase 2!

I expected people would have pent up demand and be swarming the stores even while keeping their social distance.

They weren't at the mall! 

The stores were nearly void of people.

The shelves were virtually empty of goods.

Whatever merchandise there was seemed to marked "sale, sale, sale" even on the already deeply-discounted clearance items.

It was completely frightening--like the economy is dead or on severe life support!

Most stores had 3 or more associates standing around or sitting twiddling their thumbs.

This while the stock market keeps ticking up and the NASDAQ is reaching new highs almost daily.

Coronavirus is surging again across much of the U.S. and there is almost 140,000 dead in the U.S. after just 5 months even though much of the population was in self-quarantine.

The economy looks to me in sh*t shape, despite the U.S. pumping $3 trillion dollars more of debt to artificially prop up the economy and the fed lending out money at super low rates.

It makes NO sense for the market to be hitting all time highs as if everything is all roses when the economy is still a true mess!

The New Yorker magazine wrote back in May of a post coronavirus "decade of depression" with an L shaped recovery, yet we keep seeing a V-shaped one and no one seems to be able to offer any plausible explanation for it.

Two-months ago, even before the recent stock run-up to higher levels, Business Insider reported that "the Stock Market is trading at its highest valuation in 18-years."

Last month, Forbes reported that "the stock market appears to be reaching unsustainable highs."

Yesterday again, Bloomberg reported that the "economic recovery is faltering."

Almost daily, I read that companies are laying off their workers (in Travel, Transportation, Entertainment, Retail, Energy, etc.) or declaring bankruptcy (e.g. Hertz, JC Penny, Neiman Marcus, Chesapeake Energy, and more).

This while we are still, in the best case scenario, maybe half a year away from the possibility of a tested, approved vaccine. And then it will still need to be mass produced and mass distributed to hundreds of millions of people in this country and billions globally.

In the meantime, we certainly could be up for a second wave of Coronavirus on top of the flu in the fall/winter. And then the Coronavirus may mutate and become more virulent requiring annual vaccines like the flu shot--more hit or miss.

All this while U.S.-China trade war is imperiling our economy further, and arch-enemies Iran and North Korea remain national security threats.

To me this all points to that we are nowhere near out of the woods and perhaps that there is a wildfire raging and no one seems to be paying any attention!

The stock market euphoria is a common trap and is the definition of "irrational exuberance" but comes after investors have been robotically indoctrinated to buy the dips!

IMHO, buyer beware, beware, beware. ;-)

(Credit Photo: Andy Blumenthal)
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December 26, 2018

Tired Of All The Whining About China

I don't know about you, but I am so tired about all the whining about China. 

- They are stealing our intellectual property. 

- They are hacking into our systems. 

- They are unfairly forcing us to transfer technology to them.

- They aren't opening up their market to us. 

OMG stop the complaining already!

If you don't like what they are doing, then do something about it. 

Tariffs are a start, but just a small one. 

Seriously, if you can't incentivize them to stop the harassment and unfair trade practices by adding them to the World Trade Organization, investing in them, and partnering with them, then you need to actually compete with China. 

- They steal our sh*t--you help yourself to a generous serving of theirs.  

- They break into our systems--you find your way into their systems.

- They try to unfairly take away our markets and jobs--you take away theirs big time.  

Everyone knows that to deal with bully, you must fight back!

The more we are scared into inaction, the worse it gets.

This doesn't mean that we should get into a military exchange with China, but we do need to get into a confrontation over what economic and global partnership should mean and look like. 

China is an old and truly great nation and their people should be highly respected.

However, the USA should also be treated right, and if that means it's time for a heart to heart and some evening up of the playing field then that is what has to happen. 

We have to restore respect to America, not by becoming bullies ourselves, but by standing up to them when we are being taken advantage of.  ;-)

(Source Photo: Andy Blumenthal)
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July 10, 2018

Cool Car DC

Who would think you'd find a car like this in Washington, D.C.?

Definitely a standout, you think. 

Although it seems like the people crossing the street don't even notice it.

Ah, wake up people!

Anyway, where do you park a car like that?

It's nice to look at, but between people wanting to steal it or deface it, I think it's probably more trouble than it's worth. 

There are enough loonies out there...why give them a reason. 

Then again, if you tether yourself to it, maybe it's good for a joy ride around the Capital especially before the new tariffs kick in.  ;-)

(Source Photo: Dannielle Blumenthal)
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